...Banco BPI S.A. (BPI) - Financial Analysis Review Reference Code: GDFS34484FA Rua Tenente Valadim, 284 Lordelo do Ouro, Porto 4100 - 476 Portugal Phone Fax Website Exchange +351 22 6073100 +351 22 6098787 www.bancobpi.pt BPI [Euronext Lisbon] Revenue Net Profit Employees Industry Publication Date: AUG 2012 2,005 (million EUR) -284.87 (million EUR) 8,965 Financial Services Company Overview Banco BPI S.A. (BPI) is the fourth largest Portuguese private financial multi-specialist group. The bank has institutional, corporate and individual customers and is among the leaders in mutual funds, pension funds and life-capitalization insurance. Its products and services include asset management, credit and debit cards, deposits, investment, mortgages and insurance. The bank also offers a broad range of life insurance and non-life insurance through Allianz Portugal, in which the bank holds 35% interest. The bank operates its business through a network of 654 retail branches 39 investment centers, 5 specializing in home loans branches. Key Executives Name Fernando Ulrich Antonio Domingues Antonio Farinha Morais Jose Pena do Amaral Manuel Ferreira da Silva Chairman Deputy Chairman Director Director Director Title Key Competitors Name Mercantil Servicios Financieros, C.A. Banif SGPS SA Banco Comercial Portugues SA Bank of Alexandria SAE Banco Espirito Santo S.A. Source: Annual Report, Company Website, Primary and Secondary Research, GlobalData Source: Annual Report, Company Website...
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...FINANCIAL STATEMENT ANALYSIS: A TOOL FOR PERFORMANCE EVALUATION A Case Study of Oceanic Bank By IBRAHIM UMAR PGA/09/07766 M.Sc. Assignment Submitted to Dr. M.I. Kida CNA Department of Accountancy University of Maiduguri 2Financial Statement Analysis: A Tool for Performance Evaluation Jan. 2010 3Financial Statement Analysis: A Tool for Performance Evaluation ABSTRACT Financial statements are prepared to meet external reporting obligations and also for decision making purposes. They play a dominant role in setting the framework of managerial decisions. But the information provided in the financial statements is not an end in itself as no meaningful conclusions can be drawn from these statements alone. However, the information provided in the financial statements is of immense use in making decisions through analysis and interpretation of financial statements. There are various methods or techniques that are used in analyzing financial statements, such as comparative statements, schedule of changes in working capital, common size percentages, trend analysis and ratios analysis. This study intends to analyze financial statement of Oceanic bank in Nigeria in order to come up with an in-depth fact finding on its performance and to see if there is any connection between the recent global economic crisis and its overall performance. 4Financial Statement Analysis: A Tool for Performance Evaluation INTRODUCTION 1.1 Background Financial statement represents...
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...Cango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areas such as profitability, its ability to stay solvent, the amount of debt exposure and the effectiveness in resource utilization, is performing financial analysis where a set of ratios provides a snapshot of company performance and future prospects. Financial analysis is also a very useful technique that forms a basis for making key decisions about company operations. In addition to internal company members, these ratios are used by potential investors and shareholders to make investment decisions about the company. The investment ratios can be broken down into 4 key areas, efficiency, financial leverage, liquidity and profitability. Starting with efficiency, we have the inventory turnover and receivables turnover ratios. The inventory turnover ratio indicates how many times the company is able to turnover its inventory. In CanGo’s case, the ratio value is low, meaning that it is not effectively turning over its inventory, which also means it isn’t quickly and effectively...
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...Ratio Analysis is a form of Financial Statement Analysis and is the first step in financial analysis. It is used to evaluate relationships among financial statement items and to obtain a quick indication of a firm's financial performance in several key areas. The ratios are used to identify trends over time for one company, to compare two or more companies with similar or differ in size, or to compare with industry averages at one point in time. Financial statement ratio analysis focuses on three key aspects of a business: liquidity, profitability, and solvency. The liquidity of the firm is determined by liquidity ratio. The ratio shows the relationship of a firm’s current assets to its current liabilities; hence, it is used to determine the ability of a company to pay off its short-terms debts obligations. In General, the higher value of the ratio indicates the larger the margin of safety that the company possesses to cover short-term debts. Two commonly used liquidity ratios are the current ratio, the quick or acid test ratio, and Account Receivable Turnover ratio. The debt management ratio measures how much of a company's operations obtain from debt instead of other forms of financing, such as stock, funds or personal savings. The debt management ratio is employed to measure a company's risk and the potential for default. Examples of the debt management ratios are Time interest earned, EBITDA coverage, Debt to total assets, Debt to equity ratio, and Market debt ratio. ...
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... | |Wei |B |11924368 | | * By signing your name, you agree that you have read, understood and followed the advice in the subject guide concerning cheating and plagiarism. Case Company: Super Retail Group (ASX: SUL) Lecturer: Dr Gerhard Hambusch Lecture day & time: Monday 3:00 PM | | Table of Contents 1. EXECUTIVE SUMMARY 2 2. COMPANY AND INDUSTRY OVERVIEW 3 3.1 Historical Company Leverage Financing & Peer Industry Leverage Analysis 5 3.1.1 Interest Coverage Ratio 6 3.1.2 Managerial Inertia Theory 7 3.1.3 Security Mispricing Theory 7 3.1.4 Pecking Order Theory 8 3.2 Optimal Leverage Analysis 8 3.2.1 Trade -Off Theory 8 3.2.2 The Dividend Imputation System in Australia 10 3.2.3 Agency Theory 11 3.2.4 Stakeholder Theory 12 3.2.5 Predation /...
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...Industry Averages and Financial Ratios Team B FIN/370 Date Teacher Industry Averages and Financial Ratios The SIC code in which Team B used in order to determine the ratios is 4841 for cable and other pay television services. The ratios will show Disney accounts receivables are in the billions. In order for the company to be successful they would have to be in good standing with their suppliers. Disney visitor numbers are high due to the high demand in wanting to come to the amusement park. Disney tries their best to keep themselves competitive within the business, because they are always able to supply their consumers with marketing supplies. Keeping their product costs low and coming up with different marketing strategies Disney has been able to successfully create more profit and revenue as years go by. Liquidity Ratios When comparing the quick ratio to the industry ratios from the Dunn and Bradstreet key business ratios we see that Disney has held steady in median level compared to samples in the statement. The higher the quick ratio, the better the company's liquidity position. When comparing the current ratio to industry ratios Disney also falls under the median range. Acceptable current ratios vary from industry to industry. For most industrial companies, 1.5 may be an acceptable current ratio, Disney falls as an average to an acceptable ratio and current ratio means that the company is more likely to meet its liabilities which are due...
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...aggressively using this strength, it faces intense competition from Wheel Racing, Inc, which in addition to having a huge financial base makes equally good lightweight frame bicycles, as does Competition Bikes, Inc. This paper will carry out an analysis of the company's financials to identify the company's strengths and weaknesses. Financial Statement Analysis for Competition Bikes, Inc Financial statement analysis Liquidity ratios measure a company’s ability to meet its maturing short-term obligations. In other words, can a company quickly convert its assets to cash without a loss in value if necessary to meet its short-term obligations? Favorable liquidity ratios are critical to a company and its creditors within a business or industry that does not provide a steady and predictable cash flow. They are also a key predictor of a company’s ability to make timely payments to creditors and to continue to meet obligations to lenders when faced with an unforeseen event. Current Ratio Current Assets / Current Liabilities This ratio reflects the number of times short-term assets cover short-term liabilities and is a fairly accurate indication of a company's ability to service its current obligations. A higher number is preferred because it indicates a strong ability to service short-term obligations. The composition of current assets is a key factor in the evaluation of this ratio. Depending on the type of business or industry, current assets may...
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...1) Financial ratios are of little use without benchmarks to compare them against. Benchmarks are guidelines or general rules of thumb related to a specific industry or business segment. In order for financial operational performance measures to have evaluative meaning, the user must have some reference (comparison) benchmarks against which to compare the actual outcome. As benchmarking and ratio analysis continue to grow in popularity, the availability of such data will also improve. Various public and private organizations collect and analyze financial data on the industry as a whole and on specific sectors. Often this information is available to the general public. Three key financial ratio benchmarks are industry average, historical trend, and budget. A historical performance benchmark is financial data compared to a certain time period with another. The industry average benchmark compares specific firm’s ratios to industry averages which are normally available through a wide variety of industry specific trade journals and associations. This is a good benchmark to see how a firm would be comparing to industry norms. However, as firms diversify operations it can hinder the ability of an analyst to get accurate comparables. Finally, the budget benchmark which is only available to key managerial staff creates the most valid data in any real level or detail. A flexible budget provides the ability for the analyst to get a better understanding of how actual performance...
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... 2! 3! 4! 4! Financial Analysis! Profitability Ratios:! ROCE!-------------------------------------------------------------------------------------5! Operating Profit Margin! ---------------------------------------------------------------5! Gross Profit Margin!--------------------------------------------------------------------5! Liquidity Ratios! 6! Current Ratio!----------------------------------------------------------------------------6! Quick Ratio!------------------------------------------------------------------------------6! Financial Stability! Investment Ratios! 7! 7! Financial Leverage ! -------------------------------------------------------------------7! Dividend Payout Ratio!----------------------------------------------------------------8! EPS! ----------------------------------------------------------------------------------------8! Strategic Analysis! Conclusion! 9! 11! Critically NEWS about Super Group!---------------------------------------------11! To Invest or Not to Invest!------------------------------------------------------------11! Bibliography! 12! SUPER GROUP - AHMAD SALEEM 2 ! Introduction! This is a report that intends to examine Super Group LTD (“Super”) from a various financial and strategic measures and will present to the investor an informed conclusion on whether to invest or not to invest in this Company. This report will be divided into three parts, namely: Financial analysis, Strategic analysis...
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...their annual returns as a public trading company in the United States Securities under Form 10-K. In this paper, we will use the financial data in the Audited Financial Statement to compute the key financial ratios as an indicator for the Hershey's company in the global financial scale. Through calculations of the profitability, liquidity, stability and shareholder's interest; the five year trends from 2009 to 2013 will be analysed in both an internal and external environmental context as a determinant for the future growth. A brief comparison on key ratios will be made to Nestle, a similar competitor in the industry to appreciate Hershey's financial standing. The paper will conclude with limitations of the research paper and a summary of the findings. TABLE OF CONTENTS ABSTRACT ii LISTS OF TABLES iv LISTS OF FIGURES v 1.0 Introduction and Background 6 2.0 Analysis 9 3.0 Analysis and Discussion 11 3.1 Analysing Profitably 11 3.2 Analysing Liquidity 15 3.3 Analysing Efficiency 17 3.4 Analysing Stability 18 3.5 Analysing Shareholder's Interest 19 3.6 Financial Analysis Comparison to Nestle 20 4.0 LIMITATIONS 20 5.0 CONCLUSION 21 REFERENCES 22 BIBLIOGRAPHY 23 Appendix A 24 Appendix B 25 Appendix C 26 LISTS OF TABLES Table 1: Key Ratios for The Hershey's Company 23 Table 2: Key Ratio Comparison between Hershey's and Nestle 24 LISTS OF FIGURES Figure 1: Confectionary Market Share 6 Figure 2: Global Market...
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...this assignment you must use information provided directly by the selected company using either the company's published annual report, or the financial data in the most recent 10-K report that may be downloaded from the SEC's EDGAR website (https://www.sec.gov/edgar/searchedgar/companysearch.html). Do NOT use third party websites such as Yahoo, Bloomberg, or any other investment advisor site to obtain this data. Want FIN 575 complete course tutorials download now FIN 575 Write a 1,750- to 2,100-word paper discussing the financial condition of the organization based on the following financial ratio calculations. Include your calculation for each of these: • Profitability ratios o gross margin o operating margin o net margin o return on assets o return on equity • Liquidity ratios o quick ratio o current ratio o working capital o times interest earned ratio • Activity ratios o average collection period o inventory turnover o fixed assets turnover o days in inventory • Solvency ratios o debt to equity ratio o equity ratio o debt ratio Summarize and define the key financial ratios for the organization. You will need to calculate these ratios and use them to determine the organization’s financial condition and answer the following questions. • How much has the company borrowed? Is the debt likely to cause financial distress? • How liquid is the organization? Is cash readily available? • How efficiently is the organization using its assets? Are there signs...
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...evaluation of the company G financials, comparing Fiscal year 11and Fiscal year 12. I have chosen to evaluate the financials through thirteen (13) key financial Ratios. Below, you will find all thirteen (13) Ratios along with an explanation of those ratios, an evaluation and justification of all thirteen (13) ratios as a strength, weakness or satisfactory condition, and I will compare (where possible) these ratios to available information from other companies within the home center industry. Any and all financial information of Home Depot, Lowes and Orchard Supply Hardware Stores was retrieved from either www.nasdaq.com, or www.morningstar.com and I did use data sets from their fiscal year 2012 numbers. The evaluation of all thirteen (13) ratios is as follows. Current Ratio: For fiscal year 12 the current ratio is 1.77, and in year 11 it was 1.86. In my opinion, this ratio is a weakness, and should be watched as it shows a downward trend from the previous fiscal year. While any ratio over one represents that the company could repay their debt if required to, it is not as stringent of an indicator as the acid test ratio. It does take into account inventory which is up approximately 32 percent, and even with the increase in inventory and an increase in net sales, gross profit and Net Earnings, the current ratio shows a decrease year over year. In comparison with comparable companies such as Home Depot and Lowes, Company G shows a slightly higher Current Ratio which is the lone positive...
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...years. This report will analyze financial analysis by using several key ratios. Prospective analysis will be based on these ratios to assume the company’s position in the future. Valuations of the company can be determined by fore valuation models. Sensitive analysis can be tested according to optimistic and pessimistic view. Some recommendations will be present by using these analysis. 1. Reformatted Financial Statements and Financial Analysis 2.1 Ratio analysis ROE The company’s return on equity (ROE) measures a company’s performance. In general, the return on equity of Oroton group shows a decrease tendency from 0.84 in 2011 to 0.06 in 2015, whereas these numbers increased gradually to 0.22 in 2014. However, in 2013, the ROE of Oroton group has decreased rapidly to 0.17. It means that Oroton group shows an unfavourable position during the 5 years. ROE can be affected by three contributors, including return on net operating assets (RNOA), financial leverage (FLEV) and difference between lending and borrowing rates (Spread). RNOA can be determined by profit margin and asset turnover, and it is to measure a company’s capacity to gain profits. The group of Orton group indicates a decline tendency on PM and a stable status on ATO from 2011 to 2015, because the things, which are the changes in marketing strategy and operating strategy, have changed as the Oroton group. As a result, the change of PM and ATO have influenced RNOA. Financial leverage (FLEV) is another factor...
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...Siemens AG is a German global operating technology company and was founded 1847 in Berlin. The four principal divisions of the company are energy, healthcare, industry and infrastructure and cities. In this fundamental analysis I will first outline the major financial key figures for creditors and liability claimholders. In terms of the SWOT analysis I will analyze the industry and global environment Siemens is operating in. The final point will be a link between the major financial key figures and the SWOT. Based on the outcome, I will give a further outlook and advices for the creditors as focused stakeholders in this report. I want to start with the current Profitability and Risk situation of Siemens. This represents the most important information’s for the creditors and liability claimholders. Financial Key-Figures: Profitability analysis Profitability measure the company's ability to generate profitable sales from its resources (assets). Over the last 5 years the revenue of Siemens stagnated and from the year 2010 to 2014 the company increased its revenues from 67,8 billion euro to 71,9 billion euro, which is an increase of only 6%. Whereby over the last 2 years the revenue decreased about 7% from 77,3 billion euro to 71,9 billion euro. Siemens gross profit margin deteriorated from 2012 to 2013 but increased from 2013 to 2014 by 5,5%, which indicates that the cost of goods sold decreased more than the revenue. From the year 2010 to 2014 the company was able to...
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...review CanGo’s financial statement. The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. NewGen leveraged our knowledge of Investment rations, breaking our analysis down into four (4) key areas, efficiency, financial leverage, liquidity and profitability. Attached you will find our financial analysis summary matrix. 1. Efficiency Ratio We began with a look at your efficiency ratio, concentrating on your receivables turn over for the past year. This reflects the time between your sale and actual collection. If a company's Turnover Rate is significantly lower than industry norms, there could be an underlying reason such as poor collection methods, high-risk customers or low sales. With CanGo’s Efficiency Ratio for receivables turnover was at 1.51, there is room for improvement and a closer look needs to be performed to pinpointed where the problem lies. We next looked at CanGo’s Inventory Turnover as a measure of CanGo’s inventory management efficiency. In general, a higher value indicates better performance and lower value means inefficiency in controlling inventory levels; CanGo’s was 1.56. This lower inventory turnover ratio may be an indication of overstocking which may pose risk of obsolescence and increased inventory holding costs (Accounting Explained, 2012). 2. Financial Leverage Taking a look at CanGo’s equity ratio for how much they...
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